✨ Financial Statements and Related Party Transactions
4156
NEW ZEALAND GAZETTE, No. 166
3 DECEMBER 2010
2009
Distribution
| Profit $ | - 100bps Other Equity $ | |
|---|---|---|
| Interest rate risk | ||
| Financial assets | ||
| Cash and cash equivalents | ||
| Other financial assets | ||
| Financial liabilities | ||
| Borrowings | ||
| - bank overdraft | ||
| - net loans from related parties | $ - | |
| Total sensitivity to interest rate risk | $ - | $ - |
11. Related Party Transactions
The following transactions occurred during the period with Related Parties:
GasNet Limited is a wholly owned subsidiary of Wanganui Gas Ltd
Wanganui Gas Ltd is a wholly owned subsidiary of Wanganui District Council Holdings Ltd (WDCHL), a Council Controlled Organisation of Wanganui District Council.
| 2010 $ | 2009 $ | |
|---|---|---|
| Wanganui District Council (rent, rates IT services, other) | $ 131,162 | $ 130,607 |
| $ 131,162 | $ 130,607 |
Wanganui Gas Limited
| Services provided by Wanganui Gas Limited | $ 228,970 | $ 387,179 |
| Shares issued to Wanganui Gas Limited | $ 100 | $ 100 |
| Net loans / (advances) with Wanganui Gas Limited | $ 917,484 | $ 3,075,896 |
| $ - | $ - | |
| $ 1,146,554 | $ 3,463,175 |
Amounts Owed to Related Parties at Balance date were:
| Wanganui District Council | $ 16,732 | $ 13,807 |
| Wanganui Gas Limited | $ 48,477 | $ 62,022 |
All Transactions were conducted on normal commercial terms.
Next Page →
NZ Gazette 2010, No 166
✨ LLM interpretation of page content
🏭
GasNet Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Liabilities, Interest Rate Risk, Currency Risk, Liquidity Risk, Borrowings, Credit Risk
🏭 Related Party Transactions
🏭 Trade, Customs & IndustryRelated Party Transactions, Wanganui Gas Ltd, Wanganui District Council Holdings Ltd, Financial Transactions